The Pankey Group
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
George's Best Gyros is for sale! (Ped Mall food cart and brick & mortar restaurant at 213 Iowa Ave) Established in 1984 as a food cart, George's Gyros has become a staple of Iowa City's downtown nightlife for over 40 years. Enormous profit potential for a hands on entrepreneur that wants to embark in the downtown Iowa City fast food / late night food business or a seasoned operator already in the business. The restaurant is located between two popular college bars and across from the University of Iowa campus. Additional income in local festivals, private parties, tailgates, etc. Gross rent at 213 Iowa Ave, Iowa City is $2882 / month with options to renew. City Plaza cart permit subject to city approval. 213 Iowa Ave lease assignment / sublease is subject to Landlord approval. Great profit margin potential / low food costs. Perfect for a hands on owner operator. Equipment & inventory transfers to buyer. Sale is for business only. No real estate is included. Owner is a licensed Realtor in Iowa. Hood Vent and Coolers at restaurant are property of landlord, but maintained by tenant. Additional storage space in basement at 213 Iowa Ave.
Property Highlights
Property Type: Commercial - Business
Year Built: 1900
General Information
County: Johnson
Listed By:
Urban Acres Real Estate
Mark Paterno
319-351-1111
ICAAR MLS
MLS ID: 202604820
Shown By
Agent Name: The Pankey The Pankey Group
Agent Phone: (309) 721-8830
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: The Pankey The Pankey Group
Agent Phone: (309) 721-8830
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
213 Iowa Ave, Iowa City, IA 52240.
Mortgage Calculator
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563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $125,000 | $125,000 | $125,000 |
| Down Payment | $25,000 | $4,375 | $31,250 |
| Monthly Mortgage Amount | $632 | $766 | $785 |
| Taxes | $174 | $174 | $174 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $55 | $0 |
| Monthly Estimated Total | $906 | $1,095 | $1,059 |
The Pankey Group
Cell: (309) 721-8830
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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